The personal automobile policy (PAP) provides broad coverage, but there are a number of standard exceptions. Give five of them here
What will be an ideal response?
Answer: You are not covered when:
-intentional injury or damage is involved
-using a vehicle without permission of the owner
-using a vehicle with fewer than four wheels
-driving another person's car that is provided for you on a regular basis
-you own the automobile but do not have it listed on your insurance policy
-you are carrying passengers for a fee
-driving in a race or speed contest
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From the methods listed below, the best method for building brand awareness is:
A) consumer promotions B) advertising C) trade promotions D) personal selling
The Cardinal Company had a finished goods inventory of 55,000 units on January 1. Its projected sales for the next four months were: January - 200,000 units; February - 180,000 units; March - 210,000 units; and April - 230,000 units. The Cardinal Company wishes to maintain a desired ending finished goods inventory of 20% of the following months sales. What would be the budgeted production for
February? A) 186,000 B) 181,000 C) 222,000 D) 174,000
The sales forecast created by the marketing department is used directly in the development of the production budget
Indicate whether the statement is true or false
During March, Perpetual Envy Inc. provides $33,000 in consulting services for a customer. The customer paid $16,500; the other $16,500 was on account. Which of the following statements about these transactions is correct?
A. Cash increases by $16,500, Accounts Receivable increases by $16,500, and Consulting Revenue increases by $33,000. B. Cash increases by $16,500, Consulting Revenue increases by $16,500, and Accounts Receivable increases by $33,000. C. Accounts Receivable increases by $16,500, Liabilities decrease by $16,500, and Stockholders' Equity increases by $33,000. D. Revenues increase by $16,500, liabilities decrease by $16,500, and stockholders' equity is unchanged.